March 15 2014 Latest news:
Wednesday, December 4, 2013
Tolling the A14 upgrade has been dropped, the Treasury has confirmed.
The Government revealed today (Wednesday) a national infrastructure plan which sets outs more than £375billion of investment in energy, transport, flood defences, waste, water and communications infrastructure up to 2030.
The document includes the long-awaited phrase that the Government “confirm that there will be no tolling on the planned A14 scheme between Cambridge and Huntingdon, construction of which is planned to start in 2016”.
Chief Secretary to the Treasury Danny Alexander said: “The announcement today that six major insurers will invest £25 billion over the next five years is a massive vote of confidence in the UK economy. It supports the wider £100 billion public investment to rebuild Britain over the next seven years that I announced at the Spending Round 2013. Underground, overground, on shore, offshore, wired or wireless, tarmac or train track. You name it, we’re building it right now.”
“This is great news for the people of the UK because after years of neglect, the UK’s energy, road, rail, flood defence, communications and water infrastructure needs renewal. It will boost the UK economy creating jobs and making it easier to do business. It will also make the UK a better place to live for everyone who calls it their home.”
More to follow.
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